Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Botswana
PGD2USBWA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.20
Year-over-Year Change
12.68%
Date Range
1/1/1960 - 1/1/2010
Summary
This economic indicator measures Botswana's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States. It provides insights into the comparative living standards and economic productivity between the two countries.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The PPP-converted GDP per capita relative to the U.S. is a widely used metric for international economic comparisons. It accounts for differences in price levels between countries to better reflect living standards and purchasing power.
Methodology
The data is calculated using the Geary Khamis-based Consumption PPPs from the Penn World Table.
Historical Context
This trend is valuable for policymakers, economists, and investors analyzing the relative economic performance and development of Botswana compared to the U.S.
Key Facts
- Botswana's GDP per capita is currently 28% of the U.S. level.
- Botswana's relative GDP per capita has increased from 23% in 1990.
- Adjusting for price differences is crucial for accurate cross-country comparisons.
FAQs
Q: What does this economic trend measure?
A: This indicator measures Botswana's purchasing power parity (PPP) converted gross domestic product (GDP) per capita relative to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the comparative living standards and economic productivity between Botswana and the U.S., which is valuable for policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary Khamis-based Consumption PPPs from the Penn World Table.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, economists, and investors to analyze the relative economic performance and development of Botswana compared to the U.S.
Q: Are there update delays or limitations?
A: The data is subject to the update schedule and methodological limitations of the Penn World Table.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, average GEKS-CPDW, at current prices for Botswana (PGD2USBWA621NUPN), retrieved from FRED.